Client
Overview

  • CF Australia started business as a Western Union Network agent providing Western Union service namely send and receive money and currency exchange.
  • During the last 10 years, CF has grown with the addition of four branches and a network of over 200 subagents Australia wide.

The Digital
Driver

  • Enables to easy source and manage Agents, Agent Contracts, Reconciliation, Inter branch transaction, P&L Statement and Compliance.
  • Integrates with third-party services for Bank transfer integration, Fraud Prevention and electronic submission of compliance reports.
  • Enable customers to easily compare rates and request for fund transfers and also provide KYC information and submit documents for verification.

Business
Value

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KYC Process

Easy onboarding process with user information and integrated options for scanning documents required for “Know your Customer”.
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API and Reports

Generate compliance reports based on the country of origin with Lexus-Nexus API.  Integrate with various providers – POLI API for Forex transactions and Lexus/Nexus API for compliance.
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Quote and Fix

Customer can check for the currency exchange rate provided and quote for it. On confirmation, they can transfer money based on the fixed rate.
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Rule based Fraud Prevention

Detect and prevent fraudulent transactions with configurable fraud prevention rules.
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Agents Management

Onboard and manage agents/sub-agents who bring business to you. With multiple users under each agent, operate with ease.
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Fees and Charges

Configure transaction fee and commission rates applicable across agents and sender.

Tech Stack

Design Identity

Colors

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Free Consulting